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As of 1 August the GI Bill fulltime student payment rate will increase to $1,321 a month.
07/09/2008 The Department of Veterans Affairs has announced that the Montgomery GI Bill will soon be worth $47,556 — a total increase of nearly $8,000 over last year's rate.
This total is based on the new monthly full-time student payment rate of $1,321 multiplied by the 36-month limit. If you are GI Bill eligible and have benefits remaining, you get this increase no matter when you became eligible or begin using it.
Note: Your actual benefits may be much higher if you signed up for the Army, Navy or Marine Corps College Funds or elected to participate in the GI Bill Buy-Up program.
The Montgomery GI Bill (MGIB) was created to help veterans of active duty military service pay for their education and training. It can be used to pay for many different programs including the following:
College, Business Technical or Vocational Courses
Distance Learning including Correspondence Courses
Licensing and Certification Tests
Apprenticeship/Job Training (Veterans and Reserve Only)
Flight Training
Next Step
The Montgomery GI Bill is good for only 10 years after the date of your last discharge from active duty service — it goes by faster than you think. Now is the time to start using your GI Bill benefits to pursue an undergraduate, graduate, technical degree or certificate. Learn more about the opportunities available and request free information from fully accredited schools today.